ALK-Abello has announced that the FDA has completed the transfer of the tablet portfolio licences in North America (NA), and it plans to accelerate the launch of its HDM SLIT-tablet (ODACTRA) into Q4 2017 (from mid-2018). Accordingly, it has revised its full-year guidance to EBITDA of cDKK225–250m (previously cDKK300m) and free cash flow to cDKK-700m (previously cDKK-600m). We view this as a positive, and reiterate our BUY recommendation and DKK1,200 target price.
ALK-Abello has announced that the FDA has completed the transfer of the tablet portfolio licences in North America (NA), and it plans to accelerate the launch of its HDM SLIT-tablet (ODACTRA) into Q4 2017 (from mid-2018). Accordingly, it has revised its full-year guidance to EBITDA of cDKK225–250m (previously cDKK300m) and free cash flow to cDKK-700m (previously cDKK-600m). We view this as a positive, and reiterate our BUY recommendation and DKK1,200 target price.
ALK-Abello has announced that the FDA has completed the transfer of the tablet portfolio licences in North America (NA), and it plans to accelerate the launch of its HDM SLIT-tablet (ODACTRA) into Q4 2017 (from mid-2018). Accordingly, it has revised its full-year guidance to EBITDA of cDKK225–250m (previously cDKK300m) and free cash flow to cDKK-700m (previously cDKK-600m). We view this as a positive, and reiterate our BUY recommendation and DKK1,200 target price.
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